WP Calls for SME-Driven Economic Growth; Govt Says Proposal 'a Lot in Common' with Economic Review

MNCs and SMEs mutually reinforce each other, not a zero-sum situation: Jeffrey Siow

Singapore is not choosing between small and medium-sized enterprises (SMEs) and multi-national companies (MNCs) as it needs both.Similarly, it is not choosing between domestic demand and external markets as they are needed, too, said Minister for Transport and Second Minister for Finance Jeffrey Siow."We are not in a zero-sum situation. In fact, the growth of our local companies and our...

WP calls for SME-driven economic growth; govt says proposal 'a lot in common' with economic review

During the debate, Second Minister for Finance Jeffrey Siow said Singapore's economy needs both MNCs and SMEs to thrive, with the two reinforcing rather than competing with each other.

WP calls for rethink of Singapore’s economic strategy

The Workers' Party calls for a more inclusive and equitable Singaporean economy, focusing on homegrown businesses and innovation. Read more at straitstimes.com.

Success of local, global firms key to economy: Minister Siow

Both multinational corporations and local enterprises must succeed for Singapore’s economy to thrive, said Minister Siow.